SALT (SALT)

SALT (SALT)

SALT is a lending platform with its own eponymous token that operates on the Ethereum blockchain. The protocol enables users to retain their crypto whilst receiving a loan of fiat currency. Their crypto assets are kept as collateral and are repaid upon repayment of the fiat currency loan. No credit checks are required and fast approval is promised.
There is no prepayment fees and interest rates are described as competitive. Borrowers and lenders are matched via the SALT network. The SALT team anticipates that the protocol will be of particular use to long-term investors and day traders. The network was launched following an ICO in which SALT tokens were issued to investors.